Thorlabs, Inc.
Overview
Thorlabs, Inc. sponsors a self-funded health plan that covered 1,764 participants in plan year 2024. The plan year starts in May. Alongside medical, its benefits filing reports life insurance, dental, short-term disability, prepaid legal, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 1,764
- Plan year
- Begins May 1 · next renewal May 2027
- Health plans filed
- Thorlabs, Inc. Health and Welfare Plan, plan 501 (1,764 participants)
- Broker compensation
- $59K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Unum Life Insurance Company of America | Life, Short-term disability, Long-term disability | 1,749 | $804K | $51K |
| Metropolitan General Insurance Company | Legal | 242 | $54K | $6K |
| The Guardian Life Insurance Company of America | Dental | 1,371 | $13K | $2K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,764 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2024
- Plan sponsor
- Thorlabs, Inc.
- Sponsor EIN
- 22-2873153
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 22-2873153 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Thorlabs, Inc. 401(k) Retirement Plan
- Type
- 401(k) plan
- Participants
- 2,144
About this data
Source: Thorlabs, Inc.'s Form 5500 filing for plan year 2024 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Thorlabs, Inc..